40 likes | 62 Views
North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. Expansion of the e-commerce industry is boosting the market growth. As per the US Census Bureau, in the Q1 2020, the US retail e-commerce sale was $160.3 billion, a rise of 2.4% from the Q4 2019.
E N D
Orion Market Research North American Consumer Packaging Market Size, Share, Trends, Analysis and Forecast 2020-2026 Request a free sample of our report on North American Consumer Packaging Market: https://www.omrglobal.com/request-sample/north-american-consumer-packaging-market ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404
North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. Expansion of the e-commerce industry is boosting the market growth. As per the US Census Bureau, in the Q1 2020, the US retail e-commerce sales was $160.3 billion, a rise of 2.4% from the Q4 2019. The Q1 2020 e-commerce estimate rose 14.8% from the Q1 of 2019 while total retail sales rose 2.1% in the same period. In the Q1 of 2020, e-commerce sales accounted for 11.8% of total sales. The region has a significant presence of major e-commerce players such as Amazon, eBay, and Walmart. Amazon has a well-established presence in several parts of the world, with comprehensive fulfillment centers and potential customer base. A https://www.omrglobal.com/industry-reports/north-american-consumer-packaging-market full report of North American Consumer Packaging Market is available at: As a large number of consumers embracing online shopping, packaging continues to have a key role to provide superior e-commerce experience for both the brand and the consumers. Brands are focusing on re-assess packaging of their products as per the requirements of the online shopper. Corrugated boxes are the most common and extensively used packaging material in the e-commerce sector, as it features high durability, strength, and is generally recyclable. Shifting trend towards sustainable packaging is also a key contributor to the adoption of highly recyclable packaging solutions in the e-commerce sector. Other major driving factors in the market include rising demand for flexible packaging and significant growth in the pharmaceutical industry. To learn more about this report Request a free sample copy @ https://www.omrglobal.com/request- sample/north-american-consumer-packaging-market Scope of the North American Consumer Packaging Market Market Coverage Market number available for 2019-2026 Base year- 2019 Forecast period- 2020-2026 Segment Covered- By Material and End-User Countries Covered- US and Canada Competitive Landscape- Berry Global Group, Inc., Crown Holdings, Inc., Ball Corp., Sealed Air Corp., and Graham Packaging Co. Recent Developments in the North American Consumer Packaging Market In January 2020, TricorBraun acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a distributor of rigid packaging distributor that serves several markets, such as personal care, pharmaceutical, and pet food. PSI has 25 years of packaging expertise, with a reputation in stellar packaging and established customer relationships. This acquisition strengthens the
position of TricorBraun in the Minneapolis market, offering additional warehouse for constant growth. In July 2019, Berry Global Group, Inc. acquired RPC Group Plc (RPC), a supplier of plastic packaging. The acquisition of RPC will provide the opportunity for Berry to accelerate its combined expertise in advanced material science, manufacturing technologies, and product development, to create significant value for its shareholders. With this mutual approach, Berry anticipates nearly $150 million in annual synergies. Key questions addressed by the report What is the market growth rate? Which segment dominates the market in base year? Which segment will project fastest growth in the market? How COVID-19 impacted the market? oRecovery Timeline oDeviation from the pre-COVID forecast oMost affected country/segment Who is the leader in the market? What are the key strategies adopted by the market players? How players are addressing challenges to sustain growth? Where is the investment opportunity? What are the trends in sustainable packaging? For more customized data, request for report customization @ https://www.omrglobal.com/report- customization/north-american-consumer-packaging-market North American Consumer Packaging Market-Segmentation By Material Plastic Paper Glass Metal By End-User Food Beverage Healthcare Personal Care and Cosmetics Household Goods
North American Consumer Packaging Market– Segment by Country US Canada Company Profiles Alpha Packaging Altium Packaging Aptar Group, Inc. Ball Corp. Berry Global Group, Inc. Cardinal Health, Inc. Comar, LLC Crown Holdings, Inc. Graham Packaging Co. InterFlex Group LLFlex, LLC O-I Glass, Inc. Pactiv, LLC Sealed Air Corp. Stanpac West Pharmaceutical Services, Inc. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404